subject: Things You Should Understand About Credit Repair [print this page] If your credit score has suffered due to late payments; old, unpaid debts; or an overwhelming amount of debt that youve accumulated over the years, you may be thinking about credit repair. While its perfectly legal to go about repairing your credit, assuming you use a credible organization like CreditNowUSA.com, there are some things you should first know and understand about the credit repair process.
It Takes Time: Any person or service that claims that your credit can be cleaned up quickly is lying to you. Your credit wasnt initially built or destroyed just a few months time, and it will likely take as long, or longer, to get up to a good level.
Your Score Will Get Worse Before It Gets Better: If you are closely monitoring your score on a daily or weekly basis, you will notice that it takes a nose-dive before it starts to go up. This is because, if you go through an agency to help you repair your credit, a payment or two will be skipped in order to give you more room to bargain for a lower interest rate or pay-off amount. As you start getting your debts paid off and payments made in a timely manner, youll see your score increase steadily.
Your Record Wont Be Blemish Free for Several Years: Even after your debts are paid off, and you have an excellent score, your past debt entries stay on your credit report for seven years. This is to help lenders get an accurate portrayal of your financial habits. A close review of the dates listed will show them that, once you have cleaned up your report, you are more responsible than someone who hasnt brought all of their accounts current. As the time elapses, items will fall off your report and lenders wont see that old debt that took you 10 years to pay off.
Here are CreditNowUSA we are ready to help you with your credit and other finance needs. Fill out our free, no-obligation information form and well be in contact with you shortly. We are experienced and eager to help you get on the road to having an optimum credit score.
Your Record Wont Be Blemish Free for Several Years: Even after your debts are paid off, and you have an excellent score, your past debt entries stay on your credit report for seven years. This is to help lenders get an accurate portrayal of your financial habits. A close review of the dates listed will show them that, once you have cleaned up your report, you are more responsible than someone who hasnt brought all of their accounts current. As the time elapses, items will fall off your report and lenders wont see that old debt that took you 10 years to pay off.
Here are CreditNowUSA we are ready to help you with your credit and other finance needs. Fill out our free, no-obligation information form and well be in contact with you shortly. We are experienced and eager to help you get on the road to having an optimum credit score.
For more information, go to Credit Repair at http://www.creditnowusa.com/Credit-Repair
